Tata Steel has broken out of the long downward sloping trendling

12 apr 2023

Tata Steel has broken out of the long downward sloping trendling and can resume its upward move in the coming weeks and months on the back of fall in the dollar index. A short term trade can be taken from current price 107.95 for a target of 118/120+, keep stop loss at 98. Please accumulate more if you get 103-107 levels.
Please follow a strict stop loss.

For option lover i also have a trade:-

option buying:- buy tatasteel apr 105ce @4.30
keep a stop loss at 1.5 and go for target 8/10/12+

option writing:-
sell tatasteel apr 115pe @7.45
and hedge with 105pe @1.10
keep a stop loss at 15 for this trade.

Please follow a strict stop loss.

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Thankyou